Liquidity and exchanges, or contracting with the producers

Liquidity and exchanges, or contracting with the producers

Liquidity is a desirable feature of a well-functioning market. In this article, Yaron Leitner explains how exchanges can provide liquidity. He also discusses his recent research, which explains some contractual problems that may arise in very liquid markets, as well as the potential role of an excha...

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Veröffentlicht in:Business Review - Federal Reserve Bank of Philadelphia 2004-01, p.16
1. Verfasser: Leitner, Yaron
Format: Artikel
Sprache:eng
Schlagworte:
Access to information
Bids
Costs
Economic theory
Inventory
Liquidity
Liquidity (Finance)
Management
Methods
Prices
Profits
Stock exchanges
Theory
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Beschreibung
Zusammenfassung:Liquidity is a desirable feature of a well-functioning market. In this article, Yaron Leitner explains how exchanges can provide liquidity. He also discusses his recent research, which explains some contractual problems that may arise in very liquid markets, as well as the potential role of an exchange in overcoming these problems.
ISSN:0007-7011
2163-4440